Goals from Lucy Bronze and Georgia Stanway made it two wins from two in England’s bid to qualify for the 2027 World Cup, with attention now turning to a hugely important game against Spain at Wembley in April. England’s aim of avoiding the playoffs by securing top spot in their World Cup qualifying group was never going to be derailed by Ukraine and Iceland. The game against Ukraine in Turkey was ...
Goals from Lucy Bronze and Georgia Stanway made it two wins from two in England’s bid to qualify for the 2027 World Cup, with attention now turning to a hugely important game against Spain at Wembley in April. England’s aim of avoiding the playoffs by securing top spot in their World Cup qualifying group was never going to be derailed by Ukraine and Iceland. The game against Ukraine in Turkey was a straightforward affair, once they had found their rhythm in the second half to earn a 6-1 win, and at the City Ground in Nottingham, while Iceland are a higher-ranked side than Ukraine, the Lionesses were still overwhelmingly comfortable. It is the two games against Spain that all have their eyes on, rematches of the Euro 2025 and 2023 World Cup finals, with one of those two sides laden with world-class players destined for a four-game playoff run. Sarina Wiegman made three changes to the starting XI from Tuesday night’s game in Antalya, with Esme Morgan partnering Leah Williamson at the back instead of Lotte Wubben-Moy, Lauren James returned to the starting XI and Bronze resuming her position at right-back in place of Maya Le Tissier. It was Bronze’s 145th appearance for England, taking her clear of Karen Carney and into third in the Lionesses’ all-time appearance list behind Jill Scott (161) and Fara Williams (172). The effect of the very familiar and strong starting XI and the benefits of an 11-day international break behind them was evident. The Lionesses were slick and the movement and passing between Stanway, James and Alessia Russo on England’s left was a particular highlight. It was no surprise that the opening goal came from that fruitful movement out wide. They had already shown their threat from the left, with Lauren Hemp first unable to connect with Russo’s ball at full stretch then meeting James’s cross in from a similar position but seeing her header come back off a post. View image in fullscreen Lucy Bronze fires England ahead at the City Ground. Photograph...
Lockheed Martin (LMT +2.56%) and BlackSky Technology (BKSY 2.13%) are slam-dunk defense stocks worth buying now and holding on to for the long term. President Donald Trump has floated the idea of a $1.7 trillion defense budget for the federal government's fiscal 2027, and that was in January, before he escalated the conflict with Iran. Even if whatever defense budget Congress eventually passes fal...
Lockheed Martin (LMT +2.56%) and BlackSky Technology (BKSY 2.13%) are slam-dunk defense stocks worth buying now and holding on to for the long term. President Donald Trump has floated the idea of a $1.7 trillion defense budget for the federal government's fiscal 2027, and that was in January, before he escalated the conflict with Iran. Even if whatever defense budget Congress eventually passes falls short of that request, the current geopolitical situation adds credibility to reports such as a recent one from the bipartisan Center for a New American Security that concluded that the U.S. military needs to improve its ability to counter drone attacks. Here are three reasons to buy and hold each of these stocks. Expand NYSE : LMT Lockheed Martin Today's Change ( 2.56 %) $ 16.77 Current Price $ 671.77 Key Data Points Market Cap $155B Day's Range $ 656.40 - $ 672.86 52wk Range $ 410.11 - $ 692.00 Volume 1.9M Avg Vol 1.8M Gross Margin 10.15 % Dividend Yield 2.01 % Sound financial footing and a big backlog for Lockheed Martin Lockheed Martin ended 2025 with a record backlog of $194 billion, about two and a half times its annual sales, so the company's revenue growth for the next few years is already in the works. The U.S. defense and aerospace company had $75 billion in sales in 2025, up 6%. Its earnings per share (EPS) fell 3.6% to $21.49, a decline that management credited to a higher tax rate, pension-related charges, and higher interest expenses. Lockheed predicts 2026 revenue of $77.05 billion to $80 billion, which would be a 4.7% increase at the midpoint, and EPS of $29.35 to $30.25, which would be up 37% at the midpoint. Lockheed's planes and weaponry are in demand Lockheed delivered 191 F-35 fighter jets and 120 PAC-3 MSC interceptors in 2025, record numbers for the defense contractor. It has invested heavily in artificial intelligence (AI) solutions, and some of those investments are already paying off, with over-the-air updates for its GPS III and Tranche 1 trans...
Investing in growing companies can help you achieve your financial dreams. But it's important to choose stocks wisely and maintain a long-term mindset. As long as the companies of which you hold shares demonstrate profitable growth over the long term, the stock will take care of itself. There are great opportunities as we close the page on 2024 and look ahead to a new year. Here are two fast-growi...
Investing in growing companies can help you achieve your financial dreams. But it's important to choose stocks wisely and maintain a long-term mindset. As long as the companies of which you hold shares demonstrate profitable growth over the long term, the stock will take care of itself. There are great opportunities as we close the page on 2024 and look ahead to a new year. Here are two fast-growing businesses serving the restaurant industry that have a long runway of growth ahead. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks » 1. Dutch Bros Those who were fortunate to invest in Starbucks or Chipotle in the early stages of their growth would be sitting on a handsome gain by now. Identifying up-and-coming restaurant growth stocks can be a very rewarding strategy, and Dutch Bros (NYSE: BROS) could be the next one up. The stock recently broke out of a two-year slump as it continues to report robust revenue growth. In the most recent quarter, the top line grew 28% year over year. It can maintain strong growth for several years since it is operating a relatively small store footprint of less than 1,000 shops in 18 states. "We are making major investments in our development and construction teams and our 2025 pipeline is strong, positioning us to accelerate new shop growth," CEO Christine Barone said. Management is targeting more than 4,000 shops over the long term. What's important is that Dutch Bros is not being aggressive in chasing growth, which can get a smaller restaurant business in financial trouble. Dutch Bros is opening more locations while reporting a profit. Its adjusted net income improved from $22 million in Q3 2023 to $27 million in Q3 2024. Dutch Bros has successfully expanded its menu over the years from coffee to other specialty drinks like smoothies, which is a sign that the brand is resonating. The company continues to invest in efficient service and person...
GPS-enabled device maker Garmin (GRMN +1.45%) let investors know that business is booming. Its fourth-quarter financial update and 2026 guidance helped the stock soar 25.4% in February, according to data provided by S&P Global Market Intelligence. Even after a standout 2025 that will lead to tough comparisons this year, management is still predicting 9% growth. Investors can look at a history of c...
GPS-enabled device maker Garmin (GRMN +1.45%) let investors know that business is booming. Its fourth-quarter financial update and 2026 guidance helped the stock soar 25.4% in February, according to data provided by S&P Global Market Intelligence. Even after a standout 2025 that will lead to tough comparisons this year, management is still predicting 9% growth. Investors can look at a history of conservative forecasts and conclude that double-digit growth is likely again this year, making Garmin stock a solid buy. Fitness rules Garmin's fitness segment has grown to become its largest. After notching 42% year-over-year growth in Q4, the category has averaged 32% growth each quarter over the past two years. Garmin's fitness products include more than just smartwatches and other devices for running, cycling, golf, and other sports. It offers novel features in digital health and fitness. The company has enhanced its premium Connect+ offering with AI-powered nutrition tracking and insights to help users achieve nutrition and fitness goals. Fitness isn't the only area where Garmin is thriving. The company achieved record revenue across all five segments last year, with aviation and marine also posting double-digit growth in the fourth quarter. For the full year, Garmin's revenue surged 15%, nearly double the 8% growth management originally predicted. Shareholder friendly That's more of a pattern than an anomaly. The 2024 revenue growth of 20% followed the company's initial estimate of 10% growth over 2023. Investors should factor management's historically conservative guidance into their decision on whether the stock is a good value. That helps explain why the stock jumped last month. Expand NYSE : GRMN Garmin Today's Change ( 1.45 %) $ 3.47 Current Price $ 243.64 Key Data Points Market Cap $47B Day's Range $ 233.80 - $ 243.98 52wk Range $ 169.26 - $ 261.69 Volume 40K Avg Vol 1M Gross Margin 58.74 % Dividend Yield 1.42 % Guidance for 9% revenue growth and slightly higher ...
Bloomberg’s David Gura and Christina Ruffini are joined by managing Editor of "Americas Weekends" Kevin Whitelaw to discuss who is currently in charge of the DHS and more reguarding Noem's anticipated departure from the agency on "Bloomberg This Weekend." (Source: Bloomberg)
Bloomberg’s David Gura and Christina Ruffini are joined by managing Editor of "Americas Weekends" Kevin Whitelaw to discuss who is currently in charge of the DHS and more reguarding Noem's anticipated departure from the agency on "Bloomberg This Weekend." (Source: Bloomberg)
Key Points Energy Transfer's growth rate has reaccelerated this year. It has plenty of fuel to continue growing briskly. The MLP still trades at a bottom-of-the-barrel valuation despite the recent resurgence. 10 stocks we like better than Energy Transfer › Units of Energy Transfer (NYSE: ET) have rallied more than 13% this year. That surge has pushed the midstream giant's price near $19 per unit. ...
Key Points Energy Transfer's growth rate has reaccelerated this year. It has plenty of fuel to continue growing briskly. The MLP still trades at a bottom-of-the-barrel valuation despite the recent resurgence. 10 stocks we like better than Energy Transfer › Units of Energy Transfer (NYSE: ET) have rallied more than 13% this year. That surge has pushed the midstream giant's price near $19 per unit. Fueling the master limited partnership's (MLP) rally has been a combination of a growth reacceleration and higher oil prices. Here's a look at whether the MLP's stock price could reach $30 in the coming years. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The reacceleration has begun Last year was a bit of an outlier for Energy Transfer. The MLP grew its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) by 3.2%. That's much slower than the 10% compound annual growth rate it delivered from 2020 through 2024. The pipeline company had fewer growth catalysts last year, as it didn't complete any acquisitions, only finished a few expansion projects, and oil prices slumped. However, this year will be different. Energy Transfer expects its adjusted earnings to rise by more than 10% at the midpoint of its guidance range. The company will benefit from the ramp-up and completion of several major expansion projects this year. Meanwhile, both of its affiliated MLPs have recently completed acquisitions, which will boost its bottom line. Additionally, oil prices are rising, which should also bolster its financial results. The fuel to continue growing Energy Transfer could continue to grow at an accelerated rate over the next several years. It has a large backlog of expansion projects, including the $2.7 billion Hugh Brinson Pipeline and the $5.6 billion Transwestern Pipeline expansion p...
Darcy Graham scores an early try to give Scotland the lead over France in the Six Nations at Murrayfield. WATCH MORE: Six Nations Available to UK users only.
Darcy Graham scores an early try to give Scotland the lead over France in the Six Nations at Murrayfield. WATCH MORE: Six Nations Available to UK users only.
The decision to claim Social Security is not an easy one. Though your monthly benefits are calculated based on your personal earnings history, your filing age also plays a big role in determining how much money you get each month. A lot of seniors are tempted to file for benefits as early as possible. But if you make that decision without thinking things through, it could end up costing you in the...
The decision to claim Social Security is not an easy one. Though your monthly benefits are calculated based on your personal earnings history, your filing age also plays a big role in determining how much money you get each month. A lot of seniors are tempted to file for benefits as early as possible. But if you make that decision without thinking things through, it could end up costing you in the long run. The problem with claiming Social Security early Age 62 is the earliest age you can file for Social Security. But you won't get your monthly benefits in full until age 67, which is full retirement age, if you were born in 1960 or later. It can be tempting to claim your benefits as soon as they become available to you. But realize that filing early doesn't just result in a temporary reduction in your Social Security checks. Rather, that reduction is permanent. And it also trickles down to smaller raises over time. Each year, Social Security benefits are eligible for a cost-of-living adjustment, or COLA, so they're able to keep up with inflation. If you reduce your benefits by filing early, your COLAs, in turn, will also be smaller. Here's an example to illustrate the danger of filing early. Let's say you're eligible for $2,000 a month in Social Security at a full retirement age of 67. If you file at 62, you'll get $1,400 a month instead. Now, let's say Social Security benefits get a 3% COLA. If you're starting with a $2,000 monthly benefit, that COLA is worth $60. If you're starting with a $1,400 benefit, that COLA is only worth $42. But when you compound the effect of COLAs over what could be a 20- or 30-year retirement, the impact is a lot more significant. So there's a real danger in claiming Social Security early unless you have a good reason to. If you're going to file early, make sure it makes sense Claiming Social Security early isn't always a mistake. But if you're going to file for benefits ahead of full retirement age, make sure you have a good reason to....
Key Takeaways NVDA closed down approximately 3% Friday at roughly $177.83, retreating from Thursday’s close of $183.34 New reports suggest Washington may implement stricter oversight requiring approval for most international AI chip exports The chipmaker has reportedly paused H200 deliveries to China as it shifts TSMC manufacturing capacity to newer Rubin architecture Fourth quarter results showed...
Key Takeaways NVDA closed down approximately 3% Friday at roughly $177.83, retreating from Thursday’s close of $183.34 New reports suggest Washington may implement stricter oversight requiring approval for most international AI chip exports The chipmaker has reportedly paused H200 deliveries to China as it shifts TSMC manufacturing capacity to newer Rubin architecture Fourth quarter results showed $68.13 billion in revenue — a 73.2% annual increase — surpassing Wall Street expectations Wall Street analysts maintain bullish outlook with average price target of $273.64, supported by 47 Buy recommendations versus just 2 Hold ratings NVIDIA (NVDA) experienced a roughly 3% decline Friday, hitting an intraday bottom at $176.82 before closing near $177.83. The previous session ended at $183.34. Trading volume reached approximately 187.4 million shares — running about 4% higher than typical daily activity. NVIDIA Corporation, NVDA The downward momentum stemmed primarily from emerging reports regarding possible new U.S. export control measures. Washington officials have allegedly prepared regulations requiring government clearance for virtually all international shipments of cutting-edge AI processors. These proposed rules would implement tiered approval processes depending on order volume. Bulk orders exceeding 200,000 chips might necessitate foreign capital commitments to U.S. data infrastructure or enhanced security protocols, based on reporting from Bloomberg and Reuters. The Commerce Department stated it wasn’t reverting to the Biden administration’s “AI diffusion” strategy, instead highlighting recent Middle Eastern chip agreements as the template for future arrangements. However, those Middle Eastern transactions weren’t without complications. Washington greenlit sales of up to 70,000 advanced processors to entities in the UAE and Saudi Arabia — but only following extended delays linked to investment negotiations and national security reviews. This precedent suggests ...
Boarding1Now/iStock Editorial via Getty Images Breeze Airways is the fastest-growing airline in the U.S. as it seeks to make air travel more convenient and accessible by connecting underserved cities across the U.S. The U.S.-based low-cost airline was founded by aviation entrepreneur David Neeleman, known for previously helping to launch JetBlue ( JBLU ), WestJet, and Azul ( AZULD ). Headquartered...
Boarding1Now/iStock Editorial via Getty Images Breeze Airways is the fastest-growing airline in the U.S. as it seeks to make air travel more convenient and accessible by connecting underserved cities across the U.S. The U.S.-based low-cost airline was founded by aviation entrepreneur David Neeleman, known for previously helping to launch JetBlue ( JBLU ), WestJet, and Azul ( AZULD ). Headquartered in Cottonwood Heights, Utah, Breeze began operations in May 2021 and focuses on providing efficient and affordable flights primarily between secondary airports, intentionally bypassing major hubs to reduce travel time and serve routes with little or no competition. The network has since expanded to more than 80 U.S. destinations, with a strong presence on the South and East Coast. The airline operates Embraer 190/195s and Airbus A220‑300s, allowing it to serve thinner routes efficiently while also flying longer sectors with the A220. Breeze has emphasized that over 85% of its routes face no nonstop competition, using that niche strategy to grow quickly while avoiding direct frequency wars. In 2026, Breeze pivoted from a purely domestic network into serving some close international leisure markets, launching its first international service from New Orleans to Cancun in February 2026, which will be followed by additional routes to Cancun, Montego Bay, and Punta Cana from cities such as Norfolk, Charleston, Providence, and Raleigh‑Durham. This week, Breeze launched two new flights out of Las Vegas Harry Reid International Airport. Industry data shows that Breeze operated roughly 40% more flights in February than in the same month a year ago, reflecting an aggressive capacity ramp the airline brands as its "Breeze Blitz." Breeze primarily competes with and poses a threat to other U.S. ultra‑low‑cost and value carriers, especially Allegiant Air ( ALGT ), Frontier Airlines ( ULCC ), Spirit Airlines ( SAVEQ ), and Avelo Airlines. The carrier competes to a lesser extent with JetBl...
Nvidia Corp. is adjusting its production strategy amid uncertainty over U.S. export approvals, which continue to limit shipments of advanced AI chips to China. China Strategy Recalibrated The company has reportedly halted production of its H200 AI chips intended for the Chinese market. It has shifted manufacturing capacity at contract chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. away from...
Nvidia Corp. is adjusting its production strategy amid uncertainty over U.S. export approvals, which continue to limit shipments of advanced AI chips to China. China Strategy Recalibrated The company has reportedly halted production of its H200 AI chips intended for the Chinese market. It has shifted manufacturing capacity at contract chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. away from producing H200 chips and toward its next-generation Vera Rubin hardware, the Financial Times reported on Thursday, citing people familiar with the matter. Don't Miss: Last week, Nvidia said it had received U.S. government licenses to ship "small amounts" of H200 chips to customers in China. However, the production shift suggests the company may not expect significant H200 sales in China in the near term, Reuters reported. Earlier this year, the Trump administration approved sales of the China-bound H200 chips, but shipments have remained stalled due to regulatory guardrails in the approval process. Trending: Disney Was Built on Character IP — This Pre-IPO Company Is Using the Same Playbook A U.S. Commerce Department official said last month that no H200 chips had been sold to Chinese customers. Recent changes to U.S. rules mean shipments to China and Macau are now reviewed on a case-by-case basis instead of being automatically denied, potentially reopening the market. Image via Shutterstock Read Next: UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga: This article Nvidia Abandons China-Bound Chips To Fast-Track Vera Rubin originally appeared on Benzinga.com
The main stand at the oldest professional football ground in the world shook. It was the moment to ignite Mansfield Town dreams, a goal from the substitute Will Evans early in the second half to hint at something extraordinary. It ought to have been a mismatch. Quadruple-chasing Arsenal, the top team in England and Europe so far this season, against the one that sits 16th in League One. It was any...
The main stand at the oldest professional football ground in the world shook. It was the moment to ignite Mansfield Town dreams, a goal from the substitute Will Evans early in the second half to hint at something extraordinary. It ought to have been a mismatch. Quadruple-chasing Arsenal, the top team in England and Europe so far this season, against the one that sits 16th in League One. It was anything but and now Evans had cancelled out Noni Madueke’s first-half opener. The Mansfield fans were delirious; disbelieving, too. Nigel Clough’s team, after all, cannot buy a league win at present. It was only the fifth time that Mansfield had reached the FA Cup fifth round; the previous occasion was in 1975. Was one of the biggest results in their history about to play out? Arsenal cut through the romance. They had the outstanding player on the pitch in the 16-year-old midfielder Max Dowman – a celebration of drive and balance – and they had the answers. View image in fullscreen Mansfield’s Will Evans equalises against Arsenal – only for the Premier League visitors to score a second 16 minutes later. Photograph: David Klein/Reuters It said plenty about the outstanding collective effort from Mansfield that Mikel Arteta had to turn to one of his big guns on the bench. He introduced Eberechi Eze, the hero of last season’s final for Crystal Palace, just after the hour. Minutes later, Eze had fizzed a shot high into the Mansfield net from the edge of the area to break their hearts. Mansfield fought until the end and there was a half chance for the substitute Oliver Irow in stoppage time. The header, though, was too close to Kepa Arrizabalaga and Arsenal could tick off a difficult assignment on a what was a tricky pitch. Arteta had rotated heavily after the midweek win at Brighton – as he was always going to do. It was nine changes, with the headline item being a full debut for the 16-year-old Marli Salmon in defence. For Dowman it was a second career start. What was more surpri...
Emil Michael made his name in Silicon Valley a decade ago as an aggressive dealmaker for a startup — Uber Technologies Inc. — as it wrangled with governments in pursuit of market domination. Now, Michael has switched sides in a battle involving a different startup — this time taking a leading role in the Pentagon’s dispute with artificial intelligence pioneer Anthropic PBC . As US Under Secretary ...
Emil Michael made his name in Silicon Valley a decade ago as an aggressive dealmaker for a startup — Uber Technologies Inc. — as it wrangled with governments in pursuit of market domination. Now, Michael has switched sides in a battle involving a different startup — this time taking a leading role in the Pentagon’s dispute with artificial intelligence pioneer Anthropic PBC . As US Under Secretary of Defense for Research and Engineering, Michael has been negotiating with Anthropic and its chief executive officer, Dario Amodei , over how the defense department can use its AI models. The discussions, centered on Anthropic’s aim to keep its technology from being used for mass surveillance of Americans and to power fully autonomous weapons, are at an impasse. The Pentagon formally notified Anthropic this week that it had determined the company to be a supply chain risk — a designation typically used only for foreign adversaries. The episode has allowed Michael to reprise the some of the hardball tactics that defined his four-year tenure as chief business officer at Uber. The standoff has pitted the Defense Department against Anthropic, a leader in the industry, as well as a broad and vocal contingent of technologists worried over the use of AI in weapons. Even has he spars with Anthropic, Michael is simultaneously trying to build positive relationships with tech companies, reaching out to potential partners to accelerate the military’s adoption of AI. Since he took the position in May, Michael has met with hundreds of tech companies, according to a department official. Part of the goal is to get the best AI technology into the hands of the government, work closely with a handful of leading players, and expand the universe of contractors the Defense Department typically deals with, the official said. Michael has also kept up his direct relationships with investors — including some that back Anthropic, whom he has talked with in recent days, according to a person familiar ...
Lifestylevisuals | E+ | Getty Images When it comes to buying a house, affordability continues to slowly improve. U.S. households that have a median income — an estimated $86,300 — and enough money for a 20% down payment can now afford a $331,483 home, up $30,302 from $301,181 a year ago, according to a new report from Zillow. By "afford," Zillow means that the monthly mortgage payment, including i...
Lifestylevisuals | E+ | Getty Images When it comes to buying a house, affordability continues to slowly improve. U.S. households that have a median income — an estimated $86,300 — and enough money for a 20% down payment can now afford a $331,483 home, up $30,302 from $301,181 a year ago, according to a new report from Zillow. By "afford," Zillow means that the monthly mortgage payment, including insurance and property taxes , would be under 30% of a household's income. "A $30,000 increase in buying power can open up a different neighborhood, bigger home or a home with fewer compromises," the report says. Read more CNBC personal finance coverage Average IRS tax refund is up 10.6%, early filing data shows GOP 'big beautiful bill' to deal 'shock' to the ACA marketplace: health experts As millions claim Trump's 'no tax on overtime' deduction, filers risk mistakes S&P 500 shrugs off 1% daily drops all the time. Investors can too, advisors say Where investors can look for stability as the Iran war rattles markets What the Iran war market turmoil means for those nearing retirement Musk says Grok can help with your taxes. What experts say about AI and tax prep New bill would update anti-poverty program, 'a critical lifeline': Warren There's a push to cut capital gains taxes on home sales to add supply for buyers Iran war and your portfolio: Historical stock market patterns investors should know Trump says '401(k)s are way up' — but workers are tapping them at record rates AI, layoffs spur workers to want a career change, survey finds — but few may do it Poor coordination can cost couples an average $14,000 in retirement wealth Gold price jumps on Middle East turmoil. What to know before investing What student loan borrowers need to know about judge's ruling on SAVE plan CNBC's Financial Advisor 100: Best financial advisors, top firms ranked The improvement is at least partly due to interest rates that have come down slowly. The average rate on a fixed 30-year mortgage was 5...
Emil Michael made his name in Silicon Valley a decade ago as an aggressive dealmaker for a startup — Uber Technologies Inc. — as it wrangled with governments in pursuit of market domination. Now, Michael has switched sides in a battle involving a different startup — this time taking a leading role in the Pentagon’s dispute with artificial intelligence pioneer Anthropic PBC. Most Read from Bloomber...
Emil Michael made his name in Silicon Valley a decade ago as an aggressive dealmaker for a startup — Uber Technologies Inc. — as it wrangled with governments in pursuit of market domination. Now, Michael has switched sides in a battle involving a different startup — this time taking a leading role in the Pentagon’s dispute with artificial intelligence pioneer Anthropic PBC. Most Read from Bloomberg As US Under Secretary of Defense for Research and Engineering, Michael has been negotiating with Anthropic and its chief executive officer, Dario Amodei, over how the defense department can use its AI models. The discussions, centered on Anthropic’s aim to keep its technology from being used for mass surveillance of Americans and to power fully autonomous weapons, are at an impasse. The Pentagon formally notified Anthropic this week that it had determined the company to be a supply chain risk — a designation typically used only for foreign adversaries. The episode has allowed Michael to reprise the some of the hardball tactics that defined his four-year tenure as chief business officer at Uber. The standoff has pitted the Defense Department against Anthropic, a leader in the industry, as well as a broad and vocal contingent of technologists worried over the use of AI in weapons. Even has he spars with Anthropic, Michael is simultaneously trying to build positive relationships with tech companies, reaching out to potential partners to accelerate the military’s adoption of AI. Since he took the position in May, Michael has met with hundreds of tech companies, according to a department official. Part of the goal is to get the best AI technology into the hands of the government, work closely with a handful of leading players, and expand the universe of contractors the Defense Department typically deals with, the official said. Photographer: Win McNamee/Getty Images Michael has also kept up his direct relationships with investors — including some that back Anthropic, whom he h...
Hollywood is bracing for big job cuts at Warner Bros. Discovery when its merger with Paramount closes, even as Paramount has insisted it can make the deal work without many layoffs.
Hollywood is bracing for big job cuts at Warner Bros. Discovery when its merger with Paramount closes, even as Paramount has insisted it can make the deal work without many layoffs.
OntheRunPhoto/iStock Editorial via Getty Images The mood in the stock markets in early 2026 is decidedly shaky, and it wouldn't be an overstatement to say that investors are panic selling at the slightest trigger. A number of high-quality businesses are being ignored and dumped, even in spite of strong results in the Q4 earnings season. American Eagle Outfitters ( AEO ), the teen-focused clothing ...
OntheRunPhoto/iStock Editorial via Getty Images The mood in the stock markets in early 2026 is decidedly shaky, and it wouldn't be an overstatement to say that investors are panic selling at the slightest trigger. A number of high-quality businesses are being ignored and dumped, even in spite of strong results in the Q4 earnings season. American Eagle Outfitters ( AEO ), the teen-focused clothing brand, is one of those names. The company has seen a resurgence in relevance ever since a pair of powerful ads featuring Sydney Sweeney and Travis Kelce, which have injected the brand with product newness not seen in years. In spite of this, the stock remains in bear market territory, with shares down ~30% since the start of January (though we do note American Eagle is still up ~50% over the past year). Recently, in early March, the company posted strong Q4 results and a robust outlook for FY26, nevertheless triggering a ~5% post-earnings selloff. It's an opportunity, in my view, to survey the damage and buy the dip. Data by YCharts I last wrote a buy rating on American Eagle in January, when the stock was trading at $26 per share. Since then, American Eagle has dropped ~30%. While I acknowledge that the timing of my buy call was premature (I certainly didn't predict the macro bearishness that would emerge as the "SaaSpocalypse" narrative built up steam, or the geopolitical tensions that have dominated headlines over the past few weeks), I continue to see a vibrant business here that is defying retail sector weakness to gain market share. I reiterate my buy rating here. The first element that we should discuss is the fact that American Eagle issued a strong outlook for FY27 (the year for American Eagle ending in January 2027). In spite of this, the stock's sharp selloff beginning in January has made its forward multiples look even more appealing. My core portfolio strategy amid volatile times is to keep my head down and continue investing in high-quality businesses at a dis...
Airbus Defence and Space is mulling a joint bid with German defense giant Rheinmetall AG and domestic satellite manufacturer OHB SE to build a Starlink-like internet service for the Bundeswehr armed forces, according to people familiar with the matter. Airbus Defence and Space informed the German Armed Forces Procurement Office that it plans to form a consortium with the two other German companies...
Airbus Defence and Space is mulling a joint bid with German defense giant Rheinmetall AG and domestic satellite manufacturer OHB SE to build a Starlink-like internet service for the Bundeswehr armed forces, according to people familiar with the matter. Airbus Defence and Space informed the German Armed Forces Procurement Office that it plans to form a consortium with the two other German companies to win the so-called SATCOM Bw Stage 4 space project, said the people who spoke on condition of anonymity as the talks are not public. Spokespeople for Airbus Defence and Space and the German defense ministry declined to comment. Officials at Rheinmetall and OHB were not immediately available for comment. The Bundeswehr wants to deploy at least 100 small satellites into space to establish an independent low orbit communications network by 2029. Worth several billion euros, it’s one of the largest procurement projects of Chancellor Friedrich Merz ’s ruling coalition this year. The goal is to enable digital communication and interaction between tanks, fighter jets, drones, battleships and individual soldiers on the ground. The project is modeled after the Starlink satellite network developed by US tech billionaire Elon Musk , though it is significantly smaller. Read more: Satellite Maker OHB Confirms Cooperation Talks With Rheinmetall In January, Bremen-based satellite maker OHB confirmed talks with Rheinmetall to jointly bid for the government contract to erect an orbital military communications network. OHB has landed German military contracts before, including a €2.1 billion ($2.4 billion) deal in 2024. Rheinmetall entered the field of satellites last year, when it secured a €1.7 billion German contract for synthetic aperture radar satellites with Finnish firm Iceye Oy. Rheinmetall Chief Executive Officer Armin Papperger has said Europe needs to become more independent from the US in defense, warning that Germany’s satellite dependency could entail a certain risk of “blac...